Capital Fund Management S.A. Has $13.06 Million Stock Position in Ralph Lauren Corporation $RL

Capital Fund Management S.A. raised its holdings in Ralph Lauren Corporation (NYSE:RL) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,149 shares of the textile maker’s stock after purchasing an additional 7,903 shares during the period. Capital Fund Management S.A.’s holdings in Ralph Lauren were worth $13,057,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its stake in Ralph Lauren by 93.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Sentry Investment Management LLC increased its position in Ralph Lauren by 178.0% in the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 89 shares during the period. Brooklyn Investment Group increased its position in Ralph Lauren by 180.3% in the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Ralph Lauren during the first quarter worth $39,000. Finally, Parallel Advisors LLC increased its position in shares of Ralph Lauren by 74.4% during the first quarter. Parallel Advisors LLC now owns 272 shares of the textile maker’s stock worth $60,000 after buying an additional 116 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the subject of a number of research reports. Needham & Company LLC raised their price target on shares of Ralph Lauren from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Zacks Research upgraded shares of Ralph Lauren to a “strong-buy” rating in a report on Tuesday, August 12th. Jefferies Financial Group increased their price objective on shares of Ralph Lauren from $250.00 to $328.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $262.00 to $324.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Wall Street Zen downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.41.

Ralph Lauren Stock Performance

NYSE RL opened at $285.9390 on Thursday. Ralph Lauren Corporation has a 52-week low of $167.32 and a 52-week high of $306.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The company has a market capitalization of $17.32 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.44 and a beta of 1.53. The company has a fifty day moving average of $285.27 and a 200-day moving average of $258.53.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. As a group, equities research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.